Line of Credit

With a Line of Credit enjoy immediate access to pre-approved funds whenever you want, once approved there is no need to apply every time you require extra funds. The line of credit may be used as an emergency cash fund, overdraft protection or for periodic large cash requirements.

Highlights:

Easy to apply

Overdraft protection up to a pre-authorized limit

Interest much lower than credit cards

If you don’t use it you don’t pay interest

Interest is calculated only on the negative balance in your account on a daily basis, charged monthly

Funds can be accessed by writing a cheque, using your MemberCard, or withdrawing funds in person on the connected chequing account